Free Republic

Virginia Gov. Glenn Youngkin (R) on Friday shrugged off a recent barb from former President Trump, who lashed out at him as speculation builds that Youngkin might run for the White House in 2024. “Listen, you all know me. I do not call people names,” the governor told reporters. “I really work hard to bring people together … That’s not the way I roll and not the way I behave.” Trump made fun of Youngkin’s last name in a post on Truth Social, suggesting that it sounds “Chinese,” while also claiming that the Virginia governor could not have won in...

Staple Street owns Dominion and is a relatively small private equity company, who has not raised capital or had substantial new investors since 2014/2015 of about $200 million. But now after a rushed Delaware Corp., filing October 5, 2020, Staple notified U.S. SEC 10/08/20 they’re expecting $800 million minimum. Yet Staple Street’s website is suddenly shut down, except for the base page.Staple Street Capital is a private equity firm founded in 2009 based in New York. The co-founders Stephen D. Owens and Hootan Yaghoobzadeh are veterans of The Carlyle Group and Cerberus Capital Management, also the Board members of Dominion...

The most famous fiasco in literary history occurred when Thomas Carlyle gave John Stuart Mill the first part of his great work The French Revolution to critique. Mill’s maid thought the manuscript was wastepaper and threw it into the fire. The loss was total. Carlyle had no copy. Carlyle and his formidable wife, Jane, were newly arrived in London from Scotland, with scant savings in their purse. The loss of the book, and its anticipated revenue, threatened them with ruin. Carlyle (who had just been introduced to high society, and was keeping company with grandees such as Mill and Wordsworth)...

Carlyle the Proto-Fascist The originator of the great man theory of history is British philosopher Thomas Carlyle (1795-1881), one of the most revered thinkers of his day. He also coined the expression “dismal science” to describe the economics of his time. The economists of the day, against whom he constantly inveighed, were almost universally champions of the free market, free trade, and human rights.

As the debate brews over whether Republicans will take up the task of pushing through immigration reform, Sen. John McCain (R-Ariz.) on Sunday said he is hopeful Republicans will put something forward. "I have not given up hope that we would act and we must act," McCain said on "State of the Union" with Candy Crowley. "In states like mine, the demographics will only overtake and throughout the whole southwest," McCain said referencing the Hispanic vote he said Republicans need to win a national election. McCain stood by his past comments that Republicans would not be able to win another...

Grover Norquist, who founded Americans for Tax Reform (ATR)... his connections to Muslim Brotherhood groups and individuals in the U.S. is irrefutable. One such individual is Abdurahman Alamoudi. Another is Suhail Khan, whose father helped found the Islamic Society of North America (ISNA) and the Muslim Students Association (MSA). His mother sat on the board of a Council on American-Islamic Relations (CAIR) chapter... Norquist helped Khan become the White House gatekeeper relative to selecting Muslim leaders who the Bush administration partnered with before and after 9/11. Those Muslim leaders belonged to Muslim Brotherhood front groups. ... Last year it was...

The kids are getting older, the big house on Pennsylvania Avenue is emptier on weekends, and the nation's first couple is filling the time by hosting casual Friday dinner parties that have been known to stretch past midnight. President Barack Obama, often criticized for shunning Washington's social life, has said it had been a priority to devote time to his wife and two daughters. But with Malia, who is nearly 15 years old, and Sasha, 12, now eager to be with friends, the first couple has been hosting more small dinner parties in the White House residence—talk-filled events with business...

While accusing presidential candidate Mitt Romney of cutting a swath through American industry during his time as a private equity executive, the White House was working with another private equity firm with long-standing Washington ties to save jobs in the Northeast, according to a story in the Wall Street Journal.

Lenders take the last of the fund's mortgage-backed securities TEL AVIV (MarketWatch) - After 19 months in business and eight months as a public company, Carlyle Capital Corp., the Channel Islands affiliate of the Washington private-equity firm Carlyle Group, said Monday it would apply under Guernsey's companies law to liquidate the firm. The company late Sunday said it "received default notices from its remaining two lenders and it believes that its lenders have now taken possession of substantially all of its U.S.-government-agency AAA-rated residential-mortgage-backed securities," Carlyle Capital said in a statement. "As a result, the company believes its liabilities exceed...

In a dramatic move Friday, J.P. Morgan Chase & Co. and the Federal Reserve Bank of New York stepped in with emergency funds to keep beleaguered investment bank Bear Stearns Cos. afloat. The move, during a week of worry about whether Bear could continue to meet its obligations, took the credit crisis to a new, more serious stage and was a reminder of how quickly an erosion of confidence can undermine even leading financial institutions. The involvement of the Fed -- coordinating with the Treasury Department and the Securities and Exchange Commission -- made clear authorities were concerned about the...

Private equity firm the Carlyle Group came under renewed pressure to come to the rescue of its beleaguered investment fund, Carlyle Capital, which warned on Monday that creditors could liquidate up to $16 billion of assets. A spokeswoman for the Carlyle Group told Forbes.com that it was considering "all options" to maximize the interests of stakeholders in Carlyle Capital, adding that the Amsterdam-listed fund's troubles had not materially affected the parent company or its other 54 funds. So far it has provided an unsecured credit facility of $150 million to the fund, which it launched last July. The pressure was...

Property investment trusts shares have crashed on panic selling in New York after an affiliate of the private equity giant Carlyle Group fell into default on mortgage losses. Carlyle Capital Corp (CCC) said it had missed margin calls to seven creditors and lacked collateral to cover its trading exposure to mortgage securities. advertisement The news sent shockwaves through the financial markets. Carlyle Capital has leveraged itself to the hilt, taking out debt at a ratio of 32:1 to invest in the US mortgage assets. It held securities worth a $21.7bn (£10.8bn) last month, raising the spectre of distress sales on...

March 7, 2008 CCC's woes show the crunch is still biting Patrick Hosking: Business commentary The credit crunch is, if anything, getting more acute again. Banks are more scared about lending to one another and are rushing to call in loans or demand more collateral, or extract better terms from borrowers. Carlyle Group is discovering how awkward that can be. Its foray into structured credit is now looking spectacularly ill-timed. The private equity group floated its listed vehicle, Carlyle Capital Corporation, in Amsterdam just days before the financial earthquake struck in August. The idea was to raise a thin layer...

Carlyle unit misses some margin calls By Martin Arnold and Harry Sender in London Published: March 6 2008 13:01 | Last updated: March 6 2008 13:01 Carlyle Capital Corp became the latest casualty of the banks’ increasingly unforgiving attitude towards even the most powerful private equity funds on Thursday when the highly leveraged mortgage-backed securities fund said it had failed to meet margin calls from some of its lenders. The fund, listed in Amsterdam by the Carlyle Group last year, has been hit by a fall in the value of its $21.7bn portfolio of AAA-rated residential mortgage-backed securities, illustrating that...

At the front of a quiet, dimly-lit auditorium inside Weatherford High School Thursday, Gov. Rick Perry and other friends eulogized the late Ric Williamson. Perry borrowed a quote from author Jonathan Swift to describe Williamson, who, as chairman of the Texas Transportation Commission, was often at the center of controversy. “When a genius comes into the word, you will know him by this sign: that the dunces are all in confederacy against him,” Perry recited. “Jonathan Swift didn’t know Ric Williamson, but he pegged him.” Williamson, 55, was pronounced dead on Sunday after suffering an apparent heart attack while at...

The United Arab Emirates has completed the acquisition of two aviation subsidiaries of a major U.S. firm. The acquisition would provide the UAE with advanced Western aviation technology and services as part of its plan to establish a global aviation network. The state-owned Dubai Aerospace Enterprise has formally completed its acquisition of Standard Aero and Landmark Aviation from the U.S.-based Carlyle Group. Executives said DAE, which concluded the $1.9 billion deal on Aug. 1, would absorb the two former Carlyle subsidiaries within its DAE Engineering subsidiary. Executives said Standard Aero and Landmark Aviation would form a global aviation services network...

Taxman probes foreign funds invested here April 15, 2005 ¤Ñ Korean tax authorities are investigating foreign funds, including U.S.-based Lone Star Funds and Carlyle Group, sources said yesterday. "I will neither confirm nor deny," Han Sang-yool, chief of the National Tax Service's investigative division, said yesterday. But he added, "It is the National Tax Service's duty and responsibility to examine whether international capital, as well as domestic capital, has made unfair profits through irregularities." The investigation follows growing public suspicion about foreign stock investors, and increasing concerns in Korea that foreign capital is making huge tax-free profits by investing in...

President Bush was widely reported last week to be on the verge of nominating local boy Francis Harvey to serve as secretary of the Army. So let's meet the man who may soon be the newest player in the top ranks of the military-industrial complex.

The Lies of Michael Moore in ''Fahrenheit 9/11'' Written by Doc Farmer Wednesday, June 30, 2004 A half-truth is the worst kind of lie. I’ve been getting a lot of guff from some of the lib/dem/soc/commie participants on the ChronWatch Forum for daring to comment on the movie, '''Fahrenheit 9/11,''' without seeing it. My view was that if you could smell a large pile of manure, you didn’t have to jump into it to experience it. However, that did little to satisfy them. '''Coward!''' they cried. Moreover, I didn’t want to spend my hard-earned money to fatten up an already...

As al-Qaeda training camps are found in the Saudi desert, the royal family's days of comfortable self-delusion are over The Saudi royal family's once limitless capacity for self-delusion is now running on empty. The most abrupt wake-up call came in recent weeks with the discovery of al Qaeda training camps in the desert near several major Saudi cities. Camouflaged as seminaries, the pseudo-clerics doubled in brass as instructors for training in both weapons and insurgency attacks. Some 600 suspected terrorists and large quantities of guns and explosives have been captured, including hundreds of RPGs, 2,000 sticks of dynamite, and a...